https://www.taxtmi.com/article/detailed?id=11493 The court held that a cash credit facility is a banking accommodation and not a debt capable of provisional attachment under the statutory revenue protection provision; prior authority treating cash credit accounts as non attachable was relied upon. It further directed that taxpayers should invoke the statutory efficacious relief procedure to seek release of a provisionally attached cash credit facility rather than treating the facility as an attachable liability in departmental proceedings concerning input tax credit disputes. en-us Wed, 14 Jun 2023 11:56:29 +0530 Wed, 14 Jun 2023 11:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11493 The court held that a cash credit facility is a banking accommodation and not a debt capable of provisional attachment under the statutory revenue protection provision; prior authority treating cash credit accounts as non attachable was relied upon. It further directed that taxpayers should invoke the statutory efficacious relief procedure to seek release of a provisionally attached cash credit facility rather than treating the facility as an attachable liability in departmental proceedings concerning input tax credit disputes. Articles Goods and Services Tax - GST Wed, 14 Jun 2023 11:56:29 +0530 https://www.taxtmi.com/article/detailed?id=11493